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The Canadian housing market has defied the sceptics. Although home prices pulled back in the wake of the Lehman financial crisis, they rebounded sharply on the back of loose monetary policy. Can the great Canadian housing party keep going? Insiders are sending mixed signals. Last fall, we wrote about insider buying at MCAN Mortgage. More recently, we have seen some selling in the sector. Since the Bank of Canada rate cut on January 21, insiders at Home Capital Group Inc. have sold 48,632 shares, net of shares acquired through option exercises.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.